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Another Bad Day For Stocks

*BiolineRX, BLRX, crashed down 17% on the Gamida cell news. It takes more than one drug cell immunotherapy to battle cancer. BLRX may offer generic phylacteries to generate more sales.

*GlaxoSmithKline sub ViiV is seeking FDA approval of its NDA for a two drug HIV treatment combining dolutegravire and lamivudine.

*Teva rose nearly 3% in a down market today but then lost most of this. It was recovering from the loss of US sales because its migraine drug did not get onto the formulary of Express Scripts. It was recently rated a conviction buy by Goldman Sachs.

Mining & Materials

*Orocobre fell a huge 5.9% after it updated on its Cauchari site which is being developed by its 33.5% owned Advantage Lithium partner. OROCF called the result of the latest drill tests excellent but the Oz or Canadian market disagreed.

*CRH plc fell 4.1% today in London. The Irish firm has its primary listing in the UK and sells cement and aggregates.

*Antofagasta fell 3.6%. It is a Chilean copper miner with a primary listing in the UK, ANFGF.

*BAE Systems, a big seller to Saudi Arabia, continues to fall, down another 3.73%+ today. Its York, Pennsylvania tank factory is reportedly too small to meet US and Japanese combat vehicle needs. It has to add welding and machining capacity as well as hiring more workers.

Tech & Tel

*A mixed view ofBCE, which was upped to buy from hold by Desjardins brokerage in Canada, but whose target price was cut to C$59.50 from 60.75. It has just launched Canada's first virtual network platform for business in the cloud. Given my problems with internet, I would love to sign up but I am not in Canada. The stock is up 0.7% so I am not the only one tempted. BCE is also in jv for auto connectivity with Ford Motors, which is less attractive to me.

Fascinating. I've often wondered if some of the laws of the Bible have positive effects we don't know about. For example, we now know that the edict to wash one's hands before eating has numerous health benefits and helped Jews survive some of the worst plagues in history.

I also remember attending a lecture long ago where the speaker claimed to be part of a scientific study on the wearing of the talit which is worn during morning prayers. He described numerous benefits which I can no longer remember. I tried to look them up online but this speech was long before the internet.

I did find this similar study though I don't know how reliable the source is:

Vivian Lewis is editor and founder of Global-Investing.com, the daily blog newsletter for Americans and others seeking to internationalize their portfolios. She brings unique experience and ...
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Vivian Lewis is editor and founder of Global-Investing.com, the daily blog newsletter for Americans and others seeking to internationalize their portfolios. She brings unique experience and competence to the business of picking foreign stocks.

After graduating from Harvard magna cum laude (and being elected to Phi Beta Kappa), Vivian lived 18 years in Europe where she worked as a financial journalist. Back in the U.S. in 1989, she decided that retail investors managing their own portfolios deserved the kind of information she had been digging up for mutual fund and pension fund managers. So she started Global Investing and later GlobalInvestingPro.

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